FASB Outlook

From the Chairman's Desk

At the FASB, we often are asked how we think about the trade-off between the costs and the benefits of the standards that we set.

Understanding the costs and benefits of a proposed standard is critically important to our stakeholders—as they want to be satisfied that the expected benefit of an accounting standard justifies the cost of implementing it.
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What You Need To Know About Consolidations

In the coming months, the FASB expects to issue a final standard intended to improve targeted areas of GAAP that cover consolidation of legal entities such as limited partnerships, limited liability corporations, and securitization structures.
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For the Investor:
The Use of Non-GAAP Metrics

By Marc Siegel, FASB Member

At first glance it might seem unusual to discuss accounting metrics that are not GAAP promulgated by the FASB. But the continuing proliferation of non-GAAP metrics is a topic that is raised regularly by various members of the financial reporting community.
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  • From the Chairman's Desk
  • What You Need To Know About Consolidations
  • For the Investor:
    The Use of Non-GAAP Metrics

On the Horizon

In this issue we explore the FASB’s project on accounting for financial instruments (specifically credit losses), the Revenue Recognition Transition Resource Group’s agenda for its upcoming October 31 meeting, and the Emerging Issues Task Force’s project on pushdown accounting.
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Spotlight On...

 
Simplification

The FASB launched an initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects.

Spotlight On...

Technical Agenda

The FASB’s new technical agenda web page provides a more user-friendly graphic overview of each project and enable visitors to better understand how projects relate to the Board’s overall activities.

FASB Calendar





Career Opportunities

The FASB and the GASB are seeking bright, motivated people for their staffs to help establish and improve standards of accounting and financial reporting. By joining our teams, you will have the opportunity to make important contributions to improving the Generally Accepted Accounting Principles set by the Boards.
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Featured Videos


Not-for-Profit Financial Statements


Who's Who Interview
With FASB Senior Investor Liaison
Jeffrey M. Brickman